American Electric Power Co Inc - Company Profile
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American Electric Power Co Inc (AEP) is an energy holding utility. The company generates, transmits, and distributes electricity. It produces power using coal, lignite, natural gas, wind, solar, nuclear, and hydro sources. AEP builds smarter energy infrastructure and delivers new technologies and custom energy solutions. It also has interests in various power plants under development. The company serves residential, commercial, industrial, and other retail customers, and wholesale customers in Arkansas, Louisiana, Texas, Oklahoma, Ohio, Kentucky, Michigan, Indiana, Tennessee, Virginia, and West Virginia. It also owns, develops, and operates large wind and solar projects throughout the US. AEP is headquartered in Columbus, Ohio, the US.
Headquarters
United States of America
Address
1 Riverside Plz, Columbus, Ohio, 43215-2355
Website
www.aep.com
Telephone
1 614 7161000
No of Employees
17,250
Industry
Power
Ticker Symbol & Exchange
AEP (NASD)
Revenue (2022)
$19.0B
-3.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-4.3%
(2022 vs 2021)
Market Cap*
$42.8B
Net Profit Margin (2022)
XYZ
-1.0%
(2022 vs 2021)
* As of and is in US$
American Electric Power Co Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity; | Electricity Transmission and Distribution; |
| Marketing and Risk Management; |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company selected Ribbon’s IP and optical products as solutions to support its infrastructure. |
| 2023 | Contracts/Agreements | In December, the company and PNM Resources entered into an agreement to sell their renewable energy joint venture, New Mexico Renewable Development, to Exus North America for US$230 million. |
| 2023 | Asset Disposal | In August, the company completed the sale of its 1,365-megawatt unregulated, contracted renewables portfolio to IRG Acquisition Holdings. |
Competitor Comparison
| Key Parameters | American Electric Power Co Inc | Duke Energy Corp | NextEra Energy Inc | Berkshire Hathaway Energy Co | PG&E Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Columbus | Charlotte | Juno Beach | Des Moines | Oakland |
| State/Province | Ohio | North Carolina | Florida | Iowa | California |
| No. of Employees | 17,250 | 27,037 | 16,800 | 24,000 | 10 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sara Martinez Tucker | Chairman | Executive Board | 2024 | 68 |
| Lisa M. Barton | Executive Vice President - AEP Transmission; Chief Operating Officer | Executive Board | 2021 | 57 |
| Benjamin G.S. Fowke, III | President - Interim; Director; Chief Executive Officer - Interim | Executive Board | 2024 | - |
| Charles E. Zebula | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 63 |
| Kate Sturgess | Controller; Chief Accounting Officer; Senior Vice President | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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